Nathan
If, in three months time, there is a worst case scenario of 500 bopd from 2 wells and bare minimum of cash, then this production represents a profit of about $1.3 m per quarter, based on $30/bbl nett return.
What is to stop them borrowing, say, $6m to complete J51?
Not a big ask surely in the circumstances? No dilution; no drama.
(All the usual qualifications of course)
notice received, page-75
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